Steel Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02893656

Steel Investments Limited

Filleted Unaudited Financial Statements

31 July 2025

Steel Investments Limited

Financial Statements

Year ended 31 July 2025

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 8

Steel Investments Limited

Officers and Professional Advisers

The board of directors	Mr G J L Orchard
	Mrs V J Orchard

Registered office	Maypole House
	Maypole Street
	Wombourne
	Staffordshire
	WV5 9JB

Accountants	TC Group

	3B Swallowfield Courtyard
	Wolverhampton Road
	Oldbury
	West Midlands
	B69 2JG

Steel Investments Limited

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	1,150	–
Investments	6	8,018,220	8,018,220
		------------	------------
		8,019,370	8,018,220

Current assets

Debtors	7	122,133	148,069
Cash at bank and in hand		690,592	736,607
		---------	---------
		812,725	884,676

Creditors: amounts falling due within one year	8	1,036,927		1,120,082
		------------		------------
Net current liabilities			224,202	235,406
			------------	------------
Total assets less current liabilities			7,795,168	7,782,814

Creditors: amounts falling due after more than one year	9		2,098,582	2,204,501

Provisions

Taxation including deferred tax	10	751,368	743,414
		------------	------------
Net assets		4,945,218	4,834,899
		------------	------------

Capital and reserves

Called up share capital	12	200,000	200,000
Profit and loss account	13	4,745,218	4,634,899
		------------	------------
Shareholders funds		4,945,218	4,834,899
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Steel Investments Limited

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 24 April 2026 , and are signed on behalf of the board by:

Mr G J L Orchard

Director

Company registration number: 02893656

Steel Investments Limited

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Maypole House, Maypole Street, Wombourne, Staffordshire, WV5 9JB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern as the directors are not aware of any reason why the company cannot meet its anticipated future financial obligations from its own working capital.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rentals due in the year, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles	-	25% straight line
Computer Equipment	-	25% straight line

Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort then that item of investment property, shall be transferred to tangible assets and treated as such until fair value can be reliably measured on an on-going basis.

Defined contribution pension scheme

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 6 ).

5. Tangible assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost
At 1 August 2024	57,463	–	57,463
Additions	–	1,533	1,533
	--------	-------	--------
At 31 July 2025	57,463	1,533	58,996
	--------	-------	--------
Depreciation
At 1 August 2024	57,463	–	57,463
Charge for the year	–	383	383
	--------	-------	--------
At 31 July 2025	57,463	383	57,846
	--------	-------	--------
Carrying amount
At 31 July 2025	–	1,150	1,150
	--------	-------	--------
At 31 July 2024	–	–	–
	--------	-------	--------

6. Investments

	Investment Properties
	£
Cost
At 1 August 2024 and 31 July 2025	8,018,220
	------------
Impairment
At 1 August 2024 and 31 July 2025	–
	------------

Carrying amount
At 31 July 2025	8,018,220
	------------
At 31 July 2024	8,018,220
	------------

At the year end reporting date, the directors have estimated the fair value of the investment properties to have a value of £8,018,220 (2024: £8,018,220). The directors have used a value per square foot calculation in combination with previous professional valuations. The historical cost of the investment properties is £3,968,474 (2024: £3,968,474).

7. Debtors

	2025	2024
	£	£
Trade debtors	76,972	90,068
Amounts owed by related parties	3,172	–
Prepayments and accrued income	36,081	58,001
Other debtors	5,908	–
	---------	---------
	122,133	148,069
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	107,136	89,243
Trade creditors	4,813	9,110
Accruals and deferred income	94,401	89,960
Corporation tax	54,116	69,583
Social security and other taxes	31,363	24,903
Director loan accounts	661,030	761,079
Other creditors	84,068	76,204
	------------	------------
	1,036,927	1,120,082
	------------	------------

The security given by the company for the bank loan is a first legal charge over it's investment properties and debenture over it's assets.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	2,098,582	2,204,501
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £1,582,224 (2024: £1,725,033) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The security given by the company for the bank loan is a first legal charge over it's investment properties and debenture over it's assets.

10. Provisions

	Deferred tax (note 11)
	£
At 1 August 2024	743,414
Additions	7,954
	---------
At 31 July 2025	751,368
	---------

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	751,368	743,414
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	51,056	49,597
Fair value adjustment of investment property	700,312	693,817
	---------	---------
	751,368	743,414
	---------	---------

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	200,000	200,000	200,000	200,000
	---------	---------	---------	---------

13. Reserves

Profit and loss account This reserve records retained earnings and accumulated losses. The profit and loss account includes £3,355,930 (2024: £3,355,930) of non distributable reserves, with the remainder being distributable.